Asset Management - Wealth Management & Investment Solutions (WMIS)- Capital Markets Credit Risk - Analyst/Associate - NY

Job description

JP Morgan Chase:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at http://www.jpmorganchase.com/ .

Our Firmwide Risk Function:

Our Firmwide Risk function is focused on cultivating a stronger, unified culture that embraces a sense of personal accountability for developing the highest corporate standards in governance and controls across the firm. Business priorities are built around the need to strengthen and guard the firm from the many risks we face, financial rigor, risk discipline, fostering a transparent culture and doing the right thing in every situation. We are equally focused on nurturing talent, respecting the diverse experiences that our team of Risk professionals bring and embracing an inclusive environment.

Objectives of the Risk team:

WMIS seeks to deliver positive risk-adjusted returns appropriate to our clients' financial goals and risk tolerances, as well as offer an exceptional breadth and depth of wealth management disciplines within our company, including investments, estate planning, credit, philanthropy and banking. We deliver our services through a team of specialists in a tailored, advice-based manner to each client, use J.P. Morgan-affiliated managers and third-party managers and communicate closely with clients to keep them constantly informed about the changing landscape.

The WMIS Risk Management team is responsible for providing independent risk oversight to the business. The Risk team partners with the business to identify, mitigate and monitor risks in products or services provided to clients. The team also seeks to manage reputation risks and to build a culture of client-focused risk awareness within WMIS.

WMIS Capital Markets Credit Risk:

The mission of the team is to support the growth of the lending, trading and derivatives business in Wealth Management & Investment Solutions through the development and application of risk analytics for Capital Markets products, assuring adherence to appropriate risk standards agreed by the Head of Credit in WMIS.

Responsibilities include:

· Establish Lending Value/ Initial Margin for clients' securities/derivatives using approved methodologies
· Analyze credit exposures for significant size derivatives and establish appropriate credit reserves
· Support the modeling and implementation of Loss Given Default (LGD) decision tree and governance
· Monitor market developments to develop appropriate stress tests and other risk analyses on securities and derivatives portfolios. Analyze and communicate results to credit executives and stakeholders.
· Enhance analytics and process continuously to strengthen risk management framework.
· Review new markets/products and suggest analytical improvements as appropriate.
· Partner with Business, Technology, Middle office and Finance to adapt to new products, business initiatives, and market conditions and to ensure appropriate transparency of the risk governance framework.
· Work closely with CIB Credit Risk Management in order to leverage wholesale practices.

Desired profile

·  Bachelors' Degree –Financial Mathematics preferred
·  Strong quantitative skills – experience with statistical analysis and financial modeling preferred
·  Familiarity with Capital Markets, VaR, CVA, LGD, regulatory capital, derivatives valuation and risk drivers preferred
·  Ability to multitask and work both independently and collaboratively in a team.
·  Effective communication skills